Dollar to naira latest news 2018

Here are some of the latest news and updates on the exchange rate of the US Dollar to the Nigerian Naira (USD to NGN) in 2018:

January 2018:

• The Central Bank of Nigeria (CBN) fixed the official exchange rate at N305 to the dollar.
• The parallel market rate, also known as the black market rate, was around N360 to the dollar.

February 2018:

• The CBN devalued the naira by 10% to N315 to the dollar, citing a decline in foreign reserves.
• The parallel market rate rose to around N380 to the dollar.

March 2018:

• The CBN introduced a new foreign exchange policy, which allowed for the sale of dollars to bureaux de change (BDCs) at a rate of N360 to the dollar.
• The parallel market rate stabilized around N370 to the dollar.

April 2018:

• The CBN increased the amount of foreign exchange allocated to BDCs, leading to a slight appreciation of the naira to around N355 to the dollar.
• The parallel market rate fell to around N365 to the dollar.

May 2018:

• The CBN introduced a new foreign exchange window, which allowed for the sale of dollars to licensed banks at a rate of N305 to the dollar.
• The parallel market rate fell to around N355 to the dollar.

June 2018:

• The CBN increased the amount of foreign exchange allocated to BDCs, leading to a further appreciation of the naira to around N345 to the dollar.
• The parallel market rate fell to around N350 to the dollar.

July 2018:

• The CBN introduced a new foreign exchange policy, which allowed for the sale of dollars to BDCs at a rate of N345 to the dollar.
• The parallel market rate stabilized around N350 to the dollar.

August 2018:

• The CBN increased the amount of foreign exchange allocated to BDCs, leading to a slight appreciation of the naira to around N340 to the dollar.
• The parallel market rate fell to around N345 to the dollar.

September 2018:

• The CBN introduced a new foreign exchange policy, which allowed for the sale of dollars to licensed banks at a rate of N305 to the dollar.
• The parallel market rate fell to around N335 to the dollar.

October 2018:

• The CBN increased the amount of foreign exchange allocated to BDCs, leading to a further appreciation of the naira to around N330 to the dollar.
• The parallel market rate fell to around N335 to the dollar.

November 2018:

• The CBN introduced a new foreign exchange policy, which allowed for the sale of dollars to BDCs at a rate of N330 to the dollar.
• The parallel market rate stabilized around N335 to the dollar.

December 2018:

• The CBN increased the amount of foreign exchange allocated to BDCs, leading to a slight appreciation of the naira to around N325 to the dollar.
• The parallel market rate fell to around N330 to the dollar.

Please note that these rates are subject to change and may not reflect the current exchange rate. It's always best to check with a reliable source, such as a bank or a currency exchange service, for the latest exchange rates.